Home General Various News Toshiba now willing to sell majority of memory business

Toshiba now willing to sell majority of memory business

174

  • Register
Taipei, Thursday, February 16, 2017 04:15 (GMT+8)
mostly sunny
Taipei
24°C

  • Article
  • . (0)
  • Related content
Print Email

Toshiba now willing to sell majority of memory business
Michael McManus, DIGITIMES, Taipei [Wednesday 15 February 2017]

Toshiba share prices continued to drop on Wednesday as the fallout from the write off of its nuclear energy business in the US continues and the company has now indicated that it is willing to sell off a majority of its memory business. The company has lost about US$8 billion in market cap since December.

Shigenori Shiga will step down as chairman of the company.

CNBC is reporting that Toshiba announced it would consider selling a majority stake in its memory business.

If the memory unit is sold, Bernstein Research’s Mark Newman believes that SK Hynix would make the most sense strategically for the memory industry as it would lead to industry consolidation and better long-term growth possibilities. Newman added that a losing scenario for memory makers would be if China stepped in as a bidder through the Tsinghua Unigroup. Although that would improve China’s technology and would likely lead to a capex war with Samsung.

Tweet

Categories: Bits + chips Memory chips

Tags: Toshiba

    Related stories

  • Toshiba delays earnings announcement (Feb 14)
  • Toshiba starts construction of new fab and memory R&D center (Feb 9)
  • SK Hynix joins bid for Toshiba flash business (Feb 8)
Realtime news
  • China has 8 makers amid global top-10 PV module vendors in 2016, says firm

    Green energy | 5h 9min ago

  • LandMark Optoelectronics 4Q16 net profit hits record low

    Bits + chips | 5h 12min ago

  • Digitimes Research: LED, optoelectronics focus on automotive applications at Lighting Japan 2017

    LED | 5h 15min ago

  • NVM IP provider eMemory posts record 2016 profit

    Bits + chips | 5h 18min ago

  • FocalTech swings to profit in 2016

    Bits + chips | 5h 58min ago

  • NOR flash prices to rise through end-2017, says Macronix president

    Bits + chips | 6h 24min ago

  • Smart City Summit and Expo 2017 to open on February 21 in Taiwan

    Before Going to Press | 6h 16min ago

  • Taiwan market: Fuji Xerox eyes 30% market share in 2017

    Before Going to Press | 6h 18min ago

  • Garmin pushing fashion smartwatches to increase sales

    Before Going to Press | 6h 18min ago

  • Asustek to release ZenFone 4 in June or July; expects smartphone business to turn profitable in 2017, says CEO

    Before Going to Press | 6h 38min ago

  • China market: PV demand expected to be hot in 1H17, turn cold in 2H17

    Before Going to Press | 6h 41min ago

  • Neo Solar Power books asset impairment of NT$1.33 billion

    Before Going to Press | 6h 43min ago

  • IC distributor Audix reports increased earnings for 2016

    Before Going to Press | 6h 55min ago

  • Embedded display module maker Promate Solutions to debut on OTC market in March

    Before Going to Press | 6h 56min ago

  • SiP module supplier ShunSin sees revenues down on year in January

    Before Going to Press | 6h 57min ago

  • FET to hand out dividend of NT$3.75 for 2016

    Before Going to Press | 7h 1min ago

Pause
 | 
View more

Advantest
Trends and forecasts for the China FPD industry, 2014-2017
Analysis of China revised domestic semiconductor industry goals
Sponsored links
  • Wireless broadband developments in Southeast Asia markets

    As of 2013, the 10 ASEAN nations had a total of over 700 million mobile subscriptions, with the CAGR from 2003-2013 reaching 24%. This Digitimes Research Special Report analyzes the various mobile broadband markets in ASEAN and looks at the respective trends in 4G LTE development for those markets.

  • 2015 global tablet demand forecast

    This Digitimes Research Special Report provides a 2015 forecast for the global tablet market and analyzes the strategies of key market players such as Google, Apple, Intel, and Microsoft.

  • 2015 China smartphone panel trend forecast

    This Digitimes Research Special Report analyzes the strategies of key China-based major panel makers BOE, Tianma and IVO for attacking the different market segments through technology and pricing, and their relationship to local vendors Huawei, Lenovo, ZTE, Xiaomi and Coolpad.

Buy link

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here